KBF Anti-fraud
Secure your payment workflow against internal and external fraud. A payment fraud detection tool that deters fraud and human error before it costs you.
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Overview
KBF Anti-fraud is a payment fraud detection solution built to secure your payment workflow against internal and external fraud. The module includes customizable access rights that align with your internal audit control criteria. It checks every payment against the bank account numbers and third-party names your company has approved, with a systematic verification for any third party placed on a blacklist.
KBF Anti-fraud works alongside any accounting or ERP software. It requires no custom development and is compatible with every bank on the market.
The solution also automatically checks whether the third party being paid is in good standing with the relevant tax and social security authorities, so you can apply the appropriate withholding on the invoice when required.
This payment fraud detection solution is used by a growing number of private and public sector companies, and is also offered directly to clients by several banks.
Features
The application holds your list of third parties and employees whose bank accounts and names have been approved.
This list is updated automatically on a schedule defined to your criteria, with the option to add third parties manually.
Payments to blacklisted third parties, or those showing anomalies, are automatically placed on hold pending verification.
An email notification is sent to users whenever one is required.
Unblocking rules, and the users authorized to apply them, are defined according to your company and your needs.
The application lets you manage your own blacklist of excluded third parties.
A verification request is automatically emailed for any payment made to these third parties.
The anti-fraud module secures your entire payment workflow.
It checks your payments and direct debits against your approved and excluded third-party lists.
An automated, instant payment fraud detection process that requires no manual action when a payment shows no anomalies.
Going Further
Build cash flow forecasts with a complete view of your cash position.
Secure and centralize your payment transmissions and receipts.
Manage all your financing arrangements, including deferred payment schedules.
Internal fraud, external fraud, human error: discover KBF Anti-fraud's payment fraud detection capabilities with an E-Finances expert.